Applied Digital Corporation (APLD)

NASDAQ: APLD · IEX Real-Time Price · USD
4.280
-0.070 (-1.61%)
At close: Mar 28, 2024, 4:00 PM
4.310
+0.030 (0.70%)
After-hours: Mar 28, 2024, 7:59 PM EDT
-1.61%
Market Cap 522.35M
Revenue (ttm) 114.65M
Net Income (ttm) -35.48M
Shares Out 122.04M
EPS (ttm) -0.38
PE Ratio n/a
Forward PE 108.82
Dividend n/a
Ex-Dividend Date n/a
Volume 2,173,610
Open 4.360
Previous Close 4.350
Day's Range 4.260 - 4.535
52-Week Range 2.060 - 11.620
Beta 4.00
Analysts Strong Buy
Price Target 13.88 (+224.3%)
Earnings Date Apr 10, 2024

About APLD

Applied Digital Corporation designs, develops, and operates datacenters in North America. Its datacenters provide digital infrastructure solutions to the high-performance computing industry. The company also provides artificial intelligence cloud services, high performance computing datacenter hosting, and crypto datacenter hosting services. The company was formerly known as Applied Blockchain, Inc. and changed its name to Applied Digital Corporation in November 2022. Applied Digital Corporation is based in Dallas, Texas. [Read more]

Industry Capital Markets
Sector Financials
Founded 2001
Employees 121
Stock Exchange NASDAQ
Ticker Symbol APLD
Full Company Profile

Financial Performance

In 2023, APLD's revenue was $55.39 million, an increase of 547.94% compared to the previous year's $8.55 million. Losses were -$44.65 million, 89.8% more than in 2022.

Financial Statements

Analyst Forecast

According to 8 analysts, the average rating for APLD stock is "Strong Buy." The 12-month stock price forecast is $13.88, which is an increase of 224.30% from the latest price.

Price Target
$13.88
(224.30% upside)
Analyst Consensus: Strong Buy
Stock Forecasts

News

Applied Digital Sets Fiscal Third Quarter 2024 Earnings Conference Call for Wednesday, April 10, 2024 at 9:00 a.m. Eastern Time

DALLAS, March 28, 2024 (GLOBE NEWSWIRE) -- Applied Digital Corporation (Nasdaq: APLD) ("Applied Digital" or the "Company"), a designer, builder and operator of next-generation digital infrastructure d...

1 day ago - GlobeNewsWire

Applied Digital Among First Cloud Service Providers to Use New NVIDIA Blackwell Platform

Applied Digital to use the latest NVIDIA Blackwell platform-based GPUs for HPC applications, ensuring cutting-edge computing power for AI, machine learning, and graphics rendering.

10 days ago - GlobeNewsWire

Applied Digital Announces Agreement to Sell Garden City Campus to Marathon Digital Holdings

• Divestiture Reflects Strategy to Focus on Strategic HPC Sites in North Dakota • Redirects Resources and Strengthens Balance Sheet DALLAS, March 15, 2024 (GLOBE NEWSWIRE) -- Applied Digital Corporati...

14 days ago - GlobeNewsWire

Applied Digital Provides Update on Anchor Tenant at Ellendale HPC Facility

DALLAS, March 08, 2024 (GLOBE NEWSWIRE) -- Applied Digital Corporation (Nasdaq: APLD) ("Applied Digital" or the "Company"), a designer, builder, and operator of next-generation digital infrastructure ...

21 days ago - GlobeNewsWire

Applied Digital Completes Financing for Jamestown HPC Data Center Campus

DALLAS, March 05, 2024 (GLOBE NEWSWIRE) -- Applied Digital Corporation (Nasdaq: APLD) ("Applied Digital" or the "Company"), a designer, builder, and operator of next-generation digital infrastructure ...

24 days ago - GlobeNewsWire

Applied Digital Joins AI Alliance to Collaborate with Industry Leaders to Advance Open, Safe, and Responsible AI

DALLAS, Feb. 12, 2024 (GLOBE NEWSWIRE) -- Applied Digital Corporation (Nasdaq: APLD) ("Applied Digital" or the "Company"), a designer, builder, and operator of next-generation digital infrastructure d...

6 weeks ago - GlobeNewsWire

Applied Digital's Ellendale data center unit faces power outage, shares slump

Applied Digital said on Friday revenue from its Ellendale data center hosting facility would take a hit in the current quarter by an ongoing power outage, sending its shares down more than 10% in exte...

6 weeks ago - Reuters

Applied Digital Secures Additional Financing

DALLAS, Feb. 06, 2024 (GLOBE NEWSWIRE) -- Applied Digital Corporation (Nasdaq: APLD) ("Applied Digital" or the "Company"), a designer, builder, and operator of next-generation digital infrastructure d...

7 weeks ago - GlobeNewsWire

Applied Digital shares drop after quarterly revenue misses estimates

Data-center services provider Applied Digital missed Wall Street estimates for second-quarter revenue on Tuesday, hurt by cautious spending by businesses in an uncertain economy, sending its shares do...

2 months ago - Reuters

Applied Digital Signs Anchor Tenant at Ellendale HPC Facility

Further validates the Company's cost-effective high-performance compute solutions Further validates the Company's cost-effective high-performance compute solutions

2 months ago - GlobeNewsWire

Applied Digital Reports Fiscal Second Quarter 2024 Results

- Generated Sequential Revenue Growth of 16% - - Anchor Tenant Update - DALLAS, Jan. 16, 2024 (GLOBE NEWSWIRE) -- Applied Digital Corporation (Nasdaq: APLD) ("Applied Digital" or the "Company"), a des...

2 months ago - GlobeNewsWire

Applied Digital Sets Fiscal Second Quarter 2024 Earnings Conference Call for Tuesday, January 16, 2024 at 9:00 a.m. Eastern Time

DALLAS, Jan. 03, 2024 (GLOBE NEWSWIRE) -- Applied Digital Corporation (Nasdaq: APLD) ("Applied Digital" or the "Company"), a designer, builder and operator of next-generation digital infrastructure de...

3 months ago - GlobeNewsWire

Applied Digital Announces Long-Term Supply Agreement with TerraForm Power

DALLAS, Dec. 19, 2023 (GLOBE NEWSWIRE) -- Applied Digital Corporation (Nasdaq: APLD) ("Applied Digital " or the "Company"), a designer, builder, and operator of next-generation digital infrastructure ...

3 months ago - GlobeNewsWire

APPLIED DIGITAL ALERT: Bragar Eagel & Squire, P.C. is Investigating Applied Digital Corporation on Behalf of Long-Term Stockholders and Encourages Investors to Contact the Firm

NEW YORK--(BUSINESS WIRE)-- #A--Bragar Eagel & Squire, P.C., a nationally recognized shareholder rights law firm, is investigating potential claims against Applied Digital Corporation (NASDAQ: APLD) o...

4 months ago - Business Wire

Applied Digital to Host Ribbon Cutting Ceremony at its 200-Megawatt Datacenter in Garden City, Texas

The Facility Brings Applied Digital to 480MW of Total Hosting Capacity Across its Blockchain Hosting Locations The Facility Brings Applied Digital to 480MW of Total Hosting Capacity Across its Blockch...

4 months ago - GlobeNewsWire

Kate Reed Elected to Applied Digital Board of Directors

Reed Brings Over a Decade of Experience in AI, Cloud Computing, and Technology Leadership Reed Brings Over a Decade of Experience in AI, Cloud Computing, and Technology Leadership

4 months ago - GlobeNewsWire

WEKA Partners with Applied Digital to Supercharge Its GPU Cloud for Generative AI Customers

DENVER , Nov. 15, 2023 /PRNewswire/ -- From Supercomputing 2023, WekaIO (WEKA), the data platform software provider for AI and other performance-intensive workloads, announced today that it is working...

4 months ago - PRNewsWire

Applied Digital Announces Upcoming Investor Events

DALLAS, Nov. 13, 2023 (GLOBE NEWSWIRE) -- Applied Digital Corporation (Nasdaq: APLD) ("Applied Digital" or the "Company"), a designer, builder, and operator of next-generation digital infrastructure d...

4 months ago - GlobeNewsWire

Applied Digital Announces Energization of its 200-Megawatt Datacenter in Garden City, Texas

Initial Energization of Garden City Facility Represents Third Facility to be Successfully Energized in North America Initial Energization of Garden City Facility Represents Third Facility to be Succes...

5 months ago - GlobeNewsWire

Applied Digital Announces Details for Investor Day on October 12, 2023

DALLAS, Oct. 11, 2023 (GLOBE NEWSWIRE) -- Applied Digital Corporation (Nasdaq: APLD) ("Applied Digital" or the "Company"), a designer, builder, and operator of next-generation digital infrastructure d...

6 months ago - GlobeNewsWire

FINAL DEADLINE TODAY: The Schall Law Firm Encourages Investors in Applied Digital Corporation with Losses of $100,000 to Contact the Firm

LOS ANGELES, CA / ACCESSWIRE / October 11, 2023 / The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against Applied Digital Corporation ("...

6 months ago - Accesswire

The Law Offices of Frank R. Cruz Reminds Investors of Looming Deadline in the Class Action Lawsuit Against Applied Digital Corporation (APLD)

LOS ANGELES--(BUSINESS WIRE)--The Law Offices of Frank R. Cruz reminds investors of the upcoming October 11, 2023 deadline to file a lead plaintiff motion in the class action filed on behalf of invest...

6 months ago - Business Wire

SHAREHOLDER ALERT: The Gross Law Firm Notifies Shareholders of Applied Digital Corporation of a Class Action Lawsuit and a Lead Plaintiff Deadline of October 11, 2023 - (NASDAQ: APLD)

NEW YORK , Oct. 10, 2023 /PRNewswire/ -- The Gross Law Firm issues the following notice to shareholders of Applied Digital Corporation. Shareholders who purchased shares of APLD during the class perio...

6 months ago - PRNewsWire

FINAL DEADLINE TOMORROW: The Schall Law Firm Encourages Investors in Applied Digital Corporation with Losses of $100,000 to Contact the Firm

LOS ANGELES, CA / ACCESSWIRE / October 10, 2023 / The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against Applied Digital Corporation ("...

6 months ago - Accesswire

APLD WEDNESDAY DEADLINE: ROSEN, TRUSTED INVESTOR COUNSEL, Encourages Applied Digital Corporation Investors to Secure Counsel Before Important October 11 Deadline in Securities Class Action - APLD

NEW YORK , Oct. 9, 2023 /PRNewswire/ -- WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of Applied Digital Corporation (NASDAQ: APLD) between April 13, 202...

6 months ago - PRNewsWire